EDITOR'S NOTE: The following is one in a series of excerpts from award-winning author and historian, John B. “Red” Cummings Jr.'s new book, “Cream of the Crop — Fall River's Best and Brightest,” which will be available for sale locally in June. The book highlights Fall River-educated individuals ...

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The Herald News, Fall River, MA

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Posted May. 24, 2014 at 10:00 AM

Posted May. 24, 2014 at 10:00 AM

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EDITOR’S NOTE: The following is one in a series of excerpts from award-winning author and historian, John B. “Red” Cummings Jr.’s new book, “Cream of the Crop — Fall River’s Best and Brightest,” which will be available for sale locally in June. The book highlights Fall River-educated individuals in various categories such as business, military, religion, education and sports between 1850 and the present. The collection of over 260 illustrated minibiographies will be available at various local outlets and all Greater Fall River branches of BayCoast Bank, with a portion of each bank sale going to the United Way of Greater Fall River Inc.

Profile

Jack Manning and his younger brother, Mike, were born in Fall River to Dr. John E. Manning, a well known pediatrician and Lily Manning, who contracted polio when her children were very young and remained confined to an iron lung for her entire life. Manning, born in 1948, has been married twice. His present wife is Lyle Howland and he has two children.

Experience

Manning held two positions in the investment advisory field before co-founding Boston Capital Corporation. He structured investments in real estate for the Private Wealth Management division of Fleet Financial until 1972. From 1972 to 1974, Manning was a vice president for Beverly Hills Bancorp and was responsible for structuring new real estate development in the Los Angeles metropolitan area.

Boston Capital Corporation’s goal since its inception in 1974 has been to provide equity investment capital for the development of apartment properties across the country.

The corporation is now the largest owner/investor in apartment properties, approximately 2,400, in 49 states in the nation and the Virgin Islands.

Manning’s current role as CEO is to oversee the firm’s business development goals, including expansion of investment capital for renewable energy developments. His friendship with various political figures including President Bill Clinton led to the creation of tax credit legislation for low-income housing.

Manning has served on the boards of a number of national housing organizations and governmental commissions. President Clinton appointed him in 1997 to the President’s Export Council and he was also an appointee to the President’s Advisory Committee on the Arts.

Also of Note

Manning serves on the hoard of Beth Israel Deaconess Medical Center, The American Ireland Fund, the John F. Kennedy Presidential Library Foundation and the Liberty Mutual Group. The Boston Globe has reported that Manning is a billionaire as a result of his real estate empire.